If $2,000 is invested at an annual simple interest rate of 5% for 4 years, what is the total amount accumulated?

اگر 2,000$ کو 4 سال کے لیے %5 کی سالانہ سادہ سود کی شرح پر لگایا جاتا ہے، تو جمع ہونے والی کل رقم کیا ہے؟

$2,800

$2,200

$2,400

$2,600

Using the formula for simple interest, I = P x R x T, where P = $2,000, R = 5% = 0.05, and T = 4 years, we get:

I = $2,000 x 0.05 x 4 = $400

Adding the interest to the principal, we get:

$2,000 + $400 = $2,400

So, the total amount accumulated is $2,400.